Fox Valley home prices November 30th
Fox Valley home prices November 30th. Winter temperatures are here! 26 degrees for a high today with lots of sun. This next week we will see from the mid 20’s to upper 30’s.
New listings are way down. 83 this week compared to 147 the previous week. I think that is because of Thanksgiving. Hopefully next week will be better.
Closed listings are also down. 149 this week compared to 198 the previous week.
Here are the communities with the most activity this week.
Aurora New-8 $204,000-$514,900
Closed-15 $195,000-$577,000
Elgin New-18 $82,900-$669,530
Closed-19 $160,000-$720,000
Naperville New-1 $540,000
Closed-14 $400,000-$2,100,000
Plainfield New-8 $295,000-$850,000
Closed-20 $284,873-$695,000
South Elgin New-0
Closed-10 $320,000-$710,420
St Charles New-7 $324,000-$799,900
Closed-11 $310,000-$1,089,000
Yorkville New 2 $459,990-$565,000
Closed-10 $310,000-$785,000
Take a look at the photo above for the other communities that had activity this week and their price ranges.
Financing used, median prices, and 2,000 SF or more
Median list price this week $434,945, last week $435,000.
Closed median price this week $434,990, last week $418,750.
Conventional financing was used to close on 116 homes this week at median price $455,945 with 46 days average market time, last week 143 homes at median price $430,000 with 36 days average market time.
Cash was used to close on 17 homes this week at median price $460,000 with 64 days average market time, last week 24 homes at median price $340,000 with 50 days average market time.
FHA financing was used to close on 14 homes this week at median price $377,500 with 29 days average market time, last week 20 homes at median price $372,900 with 31 days average market time.
VA financing was used to close on 2 homes this week at median price $354,999 with 13 days average market time, last week 11 homes at median price $435,000 with 61 days average market time.
2,000 SF or more closed on 89 homes this week at median price $559,900 with 53 days average market time, last week 113 homes at median price $520,000 with 48 days average market time. Minimum price this week $245,000, last week $225,000.
Almost 78% of homes closed this week used conventional financing.
Under contract this week
Homes that went under contract this week are slightly down. 121 this week compared to 149 the previous week.
Aurora-17 Naperville-13
Plainfield-17
No short sales were accepted by seller’s this week.
Seller’s accepted contracts that are contingent on the buyer closing on their current home. 1 with a kick-out clause of 72 hours, 3 with 48 hours, and 1 with 24 hours.
Also, seller’s accepted contracts that are contingent on the buyer selling and closing on their current home. 3 with a kick-out clause of 72 hours and 1 with 48 hours.
Median price of homes that went under contract this week $429,900 with 53 days average market time, last week $415,000 with 53 days average market time.
2024 by the month and a look back at 2023 and 2022
2024
Month New Closed Under contract
January 576 523 599
February 637 416 691
March 674 612 792
April 800 688 801
May 1077 1002 1075
June 1009 906 918
July 1173 1050 1094
August 883 858 725
September 849 734 777
October 990 936 878
November 587 659 601
Totals 9255 8384 8951
2023
January 483 326 470
February 630 526 789
March 555 558 726
April 710 617 755
May 735 603 816
June 1030 1059 926
July 765 745 805
August 869 988 915
September 684 621 623
October 639 568 549
November 601 497 363
Totals 7701 7108 7737
2022
January 422 492 623
February 523 520 724
March 734 904 890
April 1168 966 1334
May 1101 893 806
June 1295 1409 1234
July 955 932 908
August 1019 1134 1062
September 730 733 698
October 699 612 646
November 574 764 624
Totals 9220 9359 9549
We are definitely doing better this year than we did last year. 2022 was still a better year though.
Check back with us every Saturday for the real estate market update for the Fox Valley area of Illinois. At the end of each month we take a look back at 2023 and 2022 like we did today.
Next month is the last month of the year. I might go back to 2020 instead of looking at just 3 years.
Contact us
Call us at 630-503-6555 with all your real estate questions. Your goal is our goal.
Check out these great resources.
You can also request a home valuation, sign-up for email alerts, and search for a home anytime.
All data provided today was downloaded from our MLS, MRED, LLC. It changes throughout the day.
Fox Valley home price November 30th. Have an awesome week!
Kristine Heiman, Designated Managing Broker
SFR, SRS, SRES, AHWD
200 Webster St
Montgomery, IL 60538
630-503-6555 Ext 101
